Articles
Paul Hodgson: What chance net-zero for US utilities?
Apr 3rd, 2020
At the end of February 2019, New York City Comptroller Scott Stringer led a coalition of institutional investors representing some $1.8 trillion in AUM, including the New York funds, CalPERS, Hermes EOS, state of Connecticut and the Local Authority Pension Fund Forum, to demand the 20 largest electricity utilities in the US commit to achieving net-zero carbon emissions by 2050, one of the first asks of its kind.
The campaign was supported by a report from Climate Majority Project, formerly 50/50 Climate Project, Net-Zero by 2050: Investor Risks and Opportunities in the Context of Deep Decarbonization of Electricity Generation.
A year later, it seemed a good time to revisit the campaign to check in on its progress. In addition to Xcel Energy, …
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